PARNX vs. FITLX
Compare and contrast key facts about Parnassus Mid Cap Growth Fund (PARNX) and Fidelity US Sustainability Index Fund (FITLX).
PARNX is managed by Parnassus. It was launched on Dec 27, 1984. FITLX is managed by Fidelity. It was launched on May 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARNX or FITLX.
Performance
PARNX vs. FITLX - Performance Comparison
Returns By Period
In the year-to-date period, PARNX achieves a 16.65% return, which is significantly lower than FITLX's 26.40% return.
PARNX
16.65%
5.11%
11.07%
26.50%
6.25%
4.40%
FITLX
26.40%
3.51%
12.34%
32.62%
16.17%
N/A
Key characteristics
| PARNX | FITLX | |
|---|---|---|
| Sharpe Ratio | 1.71 | 2.42 |
| Sortino Ratio | 2.36 | 3.22 |
| Omega Ratio | 1.29 | 1.45 |
| Calmar Ratio | 1.00 | 3.43 |
| Martin Ratio | 8.74 | 14.47 |
| Ulcer Index | 3.03% | 2.25% |
| Daily Std Dev | 15.50% | 13.51% |
| Max Drawdown | -71.21% | -34.35% |
| Current Drawdown | -6.96% | -0.92% |
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PARNX vs. FITLX - Expense Ratio Comparison
PARNX has a 0.80% expense ratio, which is higher than FITLX's 0.11% expense ratio.
Correlation
The correlation between PARNX and FITLX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PARNX vs. FITLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) and Fidelity US Sustainability Index Fund (FITLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PARNX vs. FITLX - Dividend Comparison
PARNX has not paid dividends to shareholders, while FITLX's dividend yield for the trailing twelve months is around 0.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARNX Parnassus Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 1.45% | 0.09% | 2.53% | 1.32% | 0.93% | 0.81% | 4.40% | 3.37% | 4.24% |
FITLX Fidelity US Sustainability Index Fund | 0.89% | 1.12% | 1.49% | 0.81% | 1.01% | 1.27% | 1.37% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PARNX vs. FITLX - Drawdown Comparison
The maximum PARNX drawdown since its inception was -71.21%, which is greater than FITLX's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for PARNX and FITLX. For additional features, visit the drawdowns tool.
Volatility
PARNX vs. FITLX - Volatility Comparison
Parnassus Mid Cap Growth Fund (PARNX) has a higher volatility of 5.02% compared to Fidelity US Sustainability Index Fund (FITLX) at 4.38%. This indicates that PARNX's price experiences larger fluctuations and is considered to be riskier than FITLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.